[PDF] Macroeconomic Policy After The Conservative Era eBook

Author : Gerald A. Epstein
Publisher : Cambridge University Press
Page : 494 pages
File Size : 24,99 MB
Release : 1995-12-14
Category : Business & Economics
ISBN : 9780521462907

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A conservative approach to economic growth has dominated policy circles for close to two decades. This approach holds that the key to restoring economic growth lies in reducing the size and role of government in the market economy through deregulation of the financial sector, privatization, and lower taxes. The contributors to this book argue that the principles of "trickle down" economics are of dubious validity, and have led to economic stagnation, high unemployment, and increasing inequality. They develop a new perspective on macroeconomic policy, one affirming that egalitarian and democratic economic structures are not only compatible with economic revival, but in fact offer the best hope for sustainable growth of living standards. Their alternative recognizes that markets have an important role to play, but only within the framework of macroeconomic stability, corrections of market failures, and egalitarian rules of the game.

Author : John N. Smithin
Publisher : Aldershot, Hants, England ; Brookfield, Vt., USA : E. Elgar
Page : 216 pages
File Size : 45,51 MB
Release : 1990
Category : Business & Economics
ISBN :

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This widely acclaimed book critically assesses the attempts to put the various 'conservative economic' theories into practice. It identifies the disparate and often conflicting elements of the new economic philosophy including monetarism, 'supply-side' economics and the new classical economics. It distinguishes the purely macroeconomic parts of the strategy from those with a more microeconomic focus such as deregulation and privatization. It makes a detailed comparison of the very different directions which the 'conservative revolution' has taken in Britain and the United States, and suggests some alternative policy principles for the future.

Author : Jim Tomlinson
Publisher : Routledge
Page : 200 pages
File Size : 39,5 MB
Release : 2014-06-03
Category : Business & Economics
ISBN : 1317831616

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Originally published in1985, Jim Tomlinson charters the route of British macroeconomic policy in the post-war era. This book argues that the objectives of macroeconomic policy have not been constant; that the emphasis has shifted from one item to another over time; and that this uncertainty and inconsistency over objectives goes a long way to explaining why macroeconomics management has not been a startling success.

Author : John H. Wood
Publisher : Routledge
Page : 236 pages
File Size : 12,94 MB
Release : 2009-01-13
Category : Business & Economics
ISBN : 1135970157

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Keynes asked whether his ‘visionary’ ideas would overcome the interests opposed to change. However, an examination of the histories of monetary and fiscal policies suggests that this is a false distinction. The interests and ideas associated with government policies are seldom opposed. The suspicion that the latter more often follows than confronts the former is supported by the experiences documented in this book. Professor Wood’s new title examines the controlling influences that drive macroeconomic policies in the United States. The book addresses the history of the interests, ideas, and practices of monetary and fiscal policies in the U.S., although it also examines macro-policies in other countries, particularly the UK. Professor Wood argues that economic policies in the United States have been relatively predictable and stable historically, through a detailed examination of conflicts over taxes and monetary policy such as the whiskey rebellion, Magna Carta, the Stamp Act, the Banks of the U.S., and the Federal Reserve. Issues covered also include property, economists’ theories of stabilization, taxes, deficits, and monetary policy.

Author : Barry Warren Poulson
Publisher : Rowman & Littlefield
Page : 203 pages
File Size : 48,91 MB
Release : 2022
Category : Debts, Public
ISBN : 1666916617

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By looking at the macroeconomic frameworks and experiences of countries such as Germany, Sweden, and Switzerland, Restoring Sustainable Macroeconomic Policies in the U.S. presents a way for the United States to normalize fiscal and monetary policy in order to achieve sustainable debt in the post-COVID-19 era.

Author : Richard Barwell
Publisher : Palgrave Macmillan
Page : 477 pages
File Size : 49,96 MB
Release : 2018-04-06
Category : Political Science
ISBN : 9781349703463

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This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created. Focusing specifically on issues in monetary and fiscal policy, chapters demonstrate that very little that was done during this period conformed to the simple textbook treatment of macroeconomic policy: central banks cutting policy rates or finance ministers cutting the rate of income tax. The author guides the reader through the revolution in the conduct of macroeconomic policy in an engaging and approachable manner, and illuminates the key innovations in the toolkit and themes in the debate over past years with great detail, from negative rates to quantitative easing, and from austerity versus financial repression, restructuring and default to productivity puzzles and deflation.

Author : Rudiger Dornbusch
Publisher : University of Chicago Press
Page : 416 pages
File Size : 22,84 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226158489

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Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.

Author : J. Perkins
Publisher : Palgrave Macmillan
Page : 216 pages
File Size : 41,26 MB
Release : 1999-11-22
Category : Business & Economics
ISBN : 9780333770726

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This book discusses ways to improve macroeconomic policy in the context of the various macroeconomic problems of the past two decades, with the chapters having been written at various times over that period. It emphasises the need to find the best combinations of monetary policy and different forms of taxation and government outlays to achieve high employment and low inflation. There is a concluding chapter discussing the special problems that arise when inflation has become low, zero or even negative.

Author : Herbert Stein
Publisher : Simon & Schuster
Page : 430 pages
File Size : 35,53 MB
Release : 1984
Category : Business & Economics
ISBN :

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With rare wit and lucidity, Herbert Stein examines the events, policies, and personalities that have shaped the American economy for a half-century.